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Ad valorem is Latin for according to value. Ad Valorem taxes apply to real estate properties. Your town has recently passed a Budget of $79.5
Ad valorem is Latin for "according to value. Ad Valorem taxes apply to real estate properties. Your town has recently passed a Budget of $79.5 million for next year. Total assess values of the all Real Estate properties in the town is $3, 976 million. According to the town, your home has a assessed value of $280,000. This means your quarterly ad valorem taxes for the next year are likely to be:
a. | $ 1,250 | |
b. | $ 5,599 | |
c. | $ 1,400 | |
d. | $ 975 |
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